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tes tantntestant the reality when you look at the republican actions in particular, and the republican actions are polling 20% approval and the president is polling 50% approval, but the 20% approval is about the action on the cliff and not how they play in their individual districts. so when you travel around the country, and i have been to e tea party country in arizona, et cetera, there is a huge incentive for some of the more junior members of congress to stand their ground. it doesn't have to do with the fiscal math of the country, but it has to do with the electoral math of the home districts. >> and i think that she has put the finger on the thing that we are missing when we taub abolk this, because we act as if congress governs at a body with national interests and held accountable to national constituencies, but no, if it is game theory, each one of them is facing a different payoff structure in their own home constituen constituency. >> and it is skewed. first of all the tea party a minority, but the way that the republicans control the state governmentships and the state leg
at all. one of the drivers of his action was the drinking and the drug taking? >> correct. >> bill: all right. that seems to be logical dr. ablow to make that kind of analysis. always with the headline he did it. he is responsible. >> well, number one, you know, we have to have a little footnote here that if it turns out the guy was delusional, thought his girlfriend was an alien, we are going to reassess, this okay? but we don't go into speculation unless there is something to base the speculation on. >> correct. >> bill: you don't diminish a story by saying hey, you know what? maybe he was kidnapped by aliens and came back that way. >> also, you don't diminish by saying you know what? he was drunk and using prescription pain pills. this guy back to 2006 is accused of women and authorities of praying upon them, frightening them. controlling them. it's said that his girlfriend and mother of his child was late coming home from a party. we know it's a trigger for this bat guy. >> he should be reported. >> he ask a batterers. >> bill: it should be are the whod but the authorities did not.
to paris, and her actions after that get support from the whole community. >> dear santa, i'm gabriela, the one with the tumor. this is my motto, and i think you should use it too. you might have a bad day today, but there's always a bright star to look forward to tomorrow. >> hear what she did to help dozens of other children fulfill their wishes. "newsroom" starts now. >>> good morning. i'm carol costello. thank you so much for being with me. christians around the world are getting ready to celebrate christmas, which marks the birth of their lord and savior jesus christ. here's a live look at bethlehem, where people are beginning to gather for the midnight mass at the church of the holy nativity. bethlehem is described in the bible as the birth place of jesus. about 2 million people make the pilgrimage to bethlehem each and every year. pope benedict expected to deliver his christmas mass in just a few hours at st. peter's basilica in rome. he has a book out debunking several myths about now the nativity unfolded. for one thing, he says the accepted date of jesus' birth is several yea
action to get this economy hiring and moving again! even if his statements about economic weakness ultimately cause the averages to stumble from some pretty lofty levels. dow ultimately declining ability 3 points, s & p inching up 4.4%. closing in positive territory. nasdaq giving up .28%. when you look at what ben when you look at what ben bernanke did today you've got to marvel. the republicans themselves refuse to get specific on spending until they see something from the white house. the elected portion of our government is not helping this economy at all. their failure to rise above politics to reach a compromise is now really starting to hurt the u.s. economy. in this vacuum, the fed has decided to keep rates low. they stepped in saying listen, business, we are not going to get in your way. we're not going to allow interest rates to go higher until we get many hundreds of thousands of people hired! [ applause ] ben bernanke has become the jobs commander in chief. while i've heard nothing but carping on air in the blogosphere as you the fed's latest actions today. i say give m
. and we're looking at this issue now, and we want action. >> okay, thank you so much, chief johnson. larry johnson, thank you, sir, for joining us as well, and thank you cliff vanzandt. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz picks up msnbc's continuing coverage of the sandy hook elementary school shooting right now. >>> good evening, americans, and welcome to "the ed show" from new york there are tragedies in life that shake our souls and break our hearts. today the nation experienced one of those tragedies. every american will struggle to come to grips with what happened today in a small community in connecticut. sandy hook elementary school in the small community of about 27,000 residents was the site of a shooting rampage. at this hour, we know 26 people at the school were shot and killed by a lone gunman. 20 of those deceased were children. surviving students and their parents said teachers ordered children to hide in closets. witnesses reported hearing dozens of shots, as many as 100 rounds. police found the shooter dead. officers never fire
like outside days and offside gaps. that was a key reversal. we also saw somewhat similar action around the thanksgiving. in 2011. i believe that this rally is genuine. we will need to hold on a monthly closing basis the 1400 plus. where would the charts the? if we take a look, at that horizontal line, you will notice that the outline correspond to keys peak. by taking an aerial view of the markets, sometimes they could offer potential clues. as long as we remain above this 1400 area on a monthly closing basis, we are building a potentially attractive base. ashley: the s&p up 114% since the bottom of march 2009. now, is that a little longing the tooth, as far as a rally? >> i still do not see any cavities. i might add, initial support for the s&p above 1400 on a weekly close. secondary supporters a little closer to the 1360-70 area. if we take if things like momentum indices, if we take a look at other technical indicators, i believe overall, as i said this weekend in my piece, the bullish resume is better than the bearish resume. there is always something, ashley. ashley: we have volat
for american action and what would the action be? >> that's a great point. what we do know from all reports is that there's been a lot of planning going on, in case there is chemical weapons activity in syria, as the assad regime feels more and more pressure from the option. what that would be i don't know. i mean if you just are talking chemical weapons, you can go after delivery vehicles aircraft artillery. you could go after stockpiles. but then there's the danger of course, of releasing chemical weapons into the atmosphere which could harm people as well. you have to be very careful. perhaps boots on the ground. at this point i think that's a long way off. i don't think -- it would take a lot of boots on the ground, i believe. and i don't think that's one of the options that anybody is considering at this point. >> if there is action would it be alone by the united states or with allies? >> ideally, it would be with allies. when you get down to it who has the capability to do the sorts of things that would need to be done? you would hope it would be with allies. with
house telling nbc news they don't see something on the table that's actionable? >> brings you back to yesterday where we spent better part of the day debating whether or not or trying to figure out whether or not there was a deal that was offered by the white house based upon a senator's facebook post and again, was was there a meeting, in the a meeting going back whether or not that -- members of congress meet the president today. that's where we are right now. we just don't know just -- much of anything. though this deal if it is, in fact, true, is a sign of progress. and probably does indicate that maybe we are reach something sort of end game of the fiscal cliff. >> this 400,000 number, professor dyson, this is not the president's number. this is way past the red line. i'm not reporting that it is happening. but i am reporting that it is being floated as another republican offer. if -- i want to be clear. these things move around. maggie, ju just laughing at me. >> the season to be jolly. it is friday. >> yeah. if we can't part take in the jolly who among us can? professor dyso
, especially with democrats action but look, that's not only thing people are talking about, there are concerns monday senators about the stances on israel, for example. it's quite interesting, because usually snort, they obvious support their colleagues overwhelmingly like i expect we'll see with senator john kerry when he eventually gets a confirmation vote. that is not the case is chuck hagel. there's no benefit of giving him the doubt. in this says lindsey graham has front and center opposing rice, now hesitating on chuck hagel as well. >>> since you brought up kerry here, he has been nominated to succeed hillary clinton. so if he is confirmed, fawn action what will happen to his senate seat? >> i think that's what the republicans are eyeing that seat with a bit of hope. it's not entirely clear that scott brown will be returning, but certainly it's an option that perhaps for the republicans to have an additional seat in the senate, but there's no guarantee of that? >> i want to pay a bit of sound here from ben affleck. >> one never knows. i'm not one to get into conjecture. i do have a grea
. >> there are republicans who don't want to vote for any tax increase. that's timied actions here. in the senate, i heard senator mcconnell that the november election -- that isn't true. the president was out there clearly saying there should be a continuation of the middle-class tax cuts, but not for the upper 2%, adding unemployment insurance. so essentially there's a stymie, a blockade by republicans who really don't want anything to happen that relates to tax rates. >> sir, you said you're disappointed. the huffington post is out where this new piece on product activity. we always hear the phrase the do-nothing congress, referring back to the 1940s, but side by side, 219 bills have been signed during this latest legislative body, and the 104th had 333 bills signed, so they are the do-nothing congress getting a bad rap comparatively. are the american people just supposed to sit by and expect this? because that's the way it is, the american people's hands are hogtied to whatever you guys want to do and whether you can get your act together. >> i don't think the american people should be silent. for exa
hanger. >> the hour for immediate action is here. it's now. >> t-minus three days until everyone's taxes go up. the politicians are in a mad scramble this morning. so, what are the odds of a deal to prevent disaster? >>> the price of fashion. are your skinny jeans a health risk? why doctors are warning of nerve damage, abdominal pain, heart burn, even blood clots. >>> is britney spears about to lose her job as a judge on a talent show? why simon cowell reportedly calls her toxic to the show's success. >>> and good morning, everyone. we've got a lot to get to this last week of 2012. can you believe this year is almost over? and of course, we're going to start the show with weather. take a look at snow falling overnight in illinois. the year ending with a one-two punch of nasty weather for much of the country. ginger zee will tell us how it will affect your travel plans. >> nothing makes ginger happier than a big winter storm. we'll talk to her in just a moment. >>> speaking of travel. this is exactly what you do not want to hear after you've ponied up for a christmas cruise on "the queen
that is why they should have voted against it. american majority action spokesman, i just saw your tweet. you're talking about, what was it, $200 million for alaskan fisheries. you said, why alaska? >> i don't know. alaska is the only state in the union where you get a plate -- paid to live. they all have to pay taxes. they can afford fishery project. the bigger project is, why was this in the emergency bill for hurricanes in the? doesn't make any sense. 9 billion will be spent in 2013. 85 percent doesn't come until 2014 and beyond. that's not immediately. what this bill is fundamentally is a poor bill. what the senate could have done is passed the clean $9 billion loan through -- through the states. here is your relief and pass that. instead to my they came back to washington to get their fix. the port that is in this bil, and it is ridiculous. tom: like you said, trying to cram all this in before the end of the year. is -- every piece ofp proponent writing about this has said this is critical. you do it before the end of the year because these victims are sitting there, and it's true. the v
actions are due around 12:40 cst. hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and the refocusing on being transparent and definitely being something shareholders should trust. so no dividends, jobs may go and the sale of celiamerica being looked at. the cfo says there's a handful of interested parties in that particular party of the business. all in all, i think if you look at the message and the resale note issued by j.p. morgan earlier on this morning, on the back of the numbers, it's a very positive story because all the rubbish that needs to be cleaned out is being cleaned out. when it comes to the actual strategy, it will be reduced process on sale after the sale of about 30% will come from that sector. the rest is being refocused
. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. first of all, treasury secretary geithner this afternoon announced the united states would hit the statutory debt limit on monday. that's new year's eve. that's part of an effort to pressure congress to act to raise the debt limit which may or may not be direct limb reply indicated in the fiscal cliff talks but it is relevant to the larger issue of debt and deficits. the treasury can move money around in certain ways to extend the point where we actually reach a crisis for probably a couple of months. but this is an early warning sign. secondly, republicans in the house sent word to democrats in the senate, white house, it is your turn now. we acted to put off the fiscal cliff several months ago with a bill that without objection tend all of those bush tax rates into the future and would turn off the sequester by switching defense cuts over to domestic programs. democrats, of course have no intention of d
six days until we all fall over the fiscal cliff and tonight, there's no action on capitol hill. will that change by the end of the year? tonight, two congressmen come "outfront" to talk specifics. plus, arizona's attorney general backs a plan reminiscent of the nra to arm school principles. does more guns in schools begin to add up? and the biggest political fumbles. the best of the worst from our the best of the worst from our politicians. -- captions by vitac -- www.vitac.com >>> i'm in for erin burnett. "outfront" tonight, christmas is over. washington back to work. the countydown is on. the clock is ticking. you've got six days to prevent this country from going over the fiscal cliff and today at least, we didn't see any action. nothing. nothing, nada. now, i'm not trying to be a grinch here. i hope everyone's had a merry, merry christmas. just like the president prescribed. >> drink some eggnog, have some christmas cookies, sing some christmas carols. >> but today's the 26th. you've drunk, you eaten and you've sung. now is the time for action. the latest news out of washin
of some recent implied volatility spikes in some names - most notably we saw apple in the action there. wow, don't want to catch any falling knives there. but we are looking to take some strategies into play that are taking advantage of these short-term pops in implied volatility. > good to have you on the show again. thanks joe. > > thank you angie. in our cover story, a new study adds to the evidence that head injuries in sports can lead to incurable brain disease later in life. and it may bolster claims by former pro football players that the nfl bears some responsibility for their dibilitating condition. this week, 3300 former pro football players suing the nfl for concussion-related medical problems got a piece of evidence in their favor. after a four- year study, boston university researchers concluded that 80% of brain samples taken from deceased athletes - mostly nfl players who'd suffered head injuries - had evidence of brain damage. "completely dibilitating." the nfl has denied the link. but the centers for disease control is releasing public service announcements featuring f
the dogs quickly. >>> a maryland homeowner literally saw armed robbers in action but this is not your normal couple. the armed robbery, i guess you could say, was all caught on tape. they avoided the naughty list by later returning frosty. thank goodness. >>> finally, folks in the nation's capitol showed the holiday season is in full swing. standing near the national tree and just south of the white house the national menorah was lit sunday evening to celebrate hanukkah. the jewish holiday also known as the eight day of lights began at sun down on saturday night. >>> in sports now, sunday night football right here on nbc. lions/packers with snow falling at green bay's lambeau field, detroit got out to an early lead. quarterback matthew stafford had trouble holding on to that slippery football. the packers turned it into a touchdown. there he goes, there he goes, there he goes, to go on to beat the lines, 27-20. >>> quarterback eli manning threw for three touchdowns. they won 52-27. >>> in other action, washington quarterback robert griffin iii sprained his knee but the redskins beat b
. they are adults and there should be consequences for their action. i would have zero tolerance policy. if you're caught, off the team. they would hire a driver. they can afford it. >> eric: bring up a good point. >> kimberly: men love fast cars. i like them, too. they get a sports car. you sign a deal. if they drink, look at the large number of dui and arrest and fatalities. >> bob: personal responsibility thing, too. this guy is doing this the night before his game. you would think that the team ought to have a right to put a curfew on him if they want to. >> eric: it wasn't the night before the game. >> bob: saturday night. >> eric: friday night. they were supposed to leave to go to cincinnati. >> bob: but still, not too far off of when he had to perform, right? >> eric: but -- your point being? >> bob: my point being the team could, i assume, put a mandatory check-in time or whatever. when they're on the road they do. bowles, they have check-in time to do it. i assume the team could taken action. >> dana: how can you play hungover anyway? >> greg: you can do a lot of things hungover. belie
on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate if the senate will not approve and send them to the president to be signed into law in their current form. they must be amended and returned to the house. the house will take this action on whatever the senate can pass, but the senate must first act. the house has passed bills that would never pass the senate. speaker boehner's position is a joke. senate majority leader harry reid responded, house republicans pushed middle class families closer to the blip by wasting an entire week with their incompetent plan b stunt no further legislation can move through the senate until republicans drop their knee jerk obstruction. the house is literally phoning it in, tomorrow's conference call will reportedly include the entire caucus, not just republican leadership, the irony is that if we go over the cliff, the president will get whatever he wants on texas, and there's been a growing acknowledgement of this by some house and senate republicans. here's senator johnny isaacsohn of g
that action is necessary. i can report that we reached an agreement on all of the tax issues. >> obviously that was not the president. that was the republican leader has been negotiating with vice-president biden to get this thing done, get a from work done behalf of the president. >> it seems that those two were getting some action done. >> this is the way it has worked with these last minute deals, the debt ceiling and others. longtime friends. they knew each other obviously in the senate. more than 20 years. and so he said yesterday he could not get anything done with the democratic leader harry reid and needed to find a willing dance partner. he said he was going to call joe biden. that was about 24 hours ago. liz: right now the markets are very close to session highs with the belief that something is going to happen. we take it right now to the rotunda where rich edson has been all day long sinking his nails into lawmakers. tell us to you have, what you're talking about, what you were hearing. >> this is the framework of the deal they're discussing right now. as just detailed, the aut
and this is the kind of action that we want to support. >> dick's sporting goods took these weapons off their shelves. the gun industry has sat back and watched video games be blamed. they market product placement to sell more guns. >> karen, you are still doing martin this week right? >> you are are filling in? karen, is she still miked? >> yes, i am. got one more day. >> you think you are going to have big news to report tomorrow? >> somehow i don't think so. karen let me explain something to you. you want to say yes. there will be huge news. >> i'm going to be watching you for huge news about what happens in the white house tomorrow. >> coming up, there will be my prediction of who will win the senate seat in massachusetts. i am ready to pick a whipper in that race. tweet me your guess s. you can tweet your guess s about who will win the race. the guys in the vatican, don't want other guys to be married. if they are gay. [ male announce] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to cr
negative. a real break out. that would be a signal of a genuine expansion on the rise. the action signaling that could happen. second, the banks are now breaking out of the ranks with the transports. look at the xlf. that is a exchange trade fund. this group is moving to the upside. one that is necessary if we are going to see a legitimate and lasting recovery. it looks like it has had a big run. it is still less than half of where it was a few years ago. we will look at the trading in goldman sachs. it has been lured back to life. that is the case with bank of america. just to get caught up with the rest of the market is a catch up trade. third, i was asked to name the biggest surprise. i know i dazzled people. i think interest rates are going to go up. maybe big. you better lock in a mortgage right now if you can. i know it is counterintuitive given what the fed chief said but i'm thinking that the fed chief may not be able to stop this. it won't please anyone, particularly the ratings agencies, but we have all learned from europe and the debt debacle from last year that the downgrades, l
at capitol hill. there's a lot of finger pointing but not a whole lot of action. >> all right, eamon. thanks so much. >> you bet. >>> as negotiations continue on washington, that is a bit of an overstatement, check wall street, the fear index is spiking as the markets drop. we're back above 20 for the first time in fact in five months. up 14% in the past week. let's get trading action here at the nysc. mary thompson joins us on the floor. this is a vulnerable point for the markets. traders have been saying they're going to make a lot of noise and it will get made up. >> suddenly it isn't. so we're having a bit of a reality check. the dow, the s&p and the nasdaq all negative. it's the lowest now of the month. the vix is spiking. moving above the 20 level for the first time in five months. we want to point out the last time we had this angst over what was happening in washington was in august of 2011 when we had the debt crisis and the subsequent downgrade. at that point the vix was well above where it is, more than twice where it is. so while the fear index is high, up 31% in the last session
a $2 loss in the gold market. sharon epperson is track being the action down at the nymex. sharon? >> gold prices are finishing the day basically flat here, sue. we're right around $1,693 an ounce. keep in mind, gold prices have lost about $50 in the last week or so and goldman sachs today saying that they are lowering their three, six and 112-month forecasts on gold. they say $1,825 is down from the $1,840 level were expecting. for 2013 they look for the arch price to be $1,810. freeport mcmoran, $9 million deal to diversify into energy, the world's largest copper producer, still a lot of interest in copper. they say their opinion on copper has not changed. retail investors looking to buy copper, buy gold as well. of course freeport is one of the world's largest producers of gold. they're doing it through the exchange traded products. the jjc for copper and gld for gold. copper prices nearly coming in to where gold prices are the last month or so as gold prices and gold holdings are at record levels. back to you. >> thank you very much, sharon. >>> let's get the trading action he
and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.5%. it is under pressure, nowhere near $700 for the all-time high in september. the latest findings other actually going to use the market share for the ipad to the android in some microsoft folks, they're facing intense competition. with the findings you see stocks down 4%. back to you. melissa: interesting. lori: thank you. melissa: a battle for a deal inn the fiscal cliff continues, democrats cannot seem to find a compromise on top earners. rich edson is back in the white house with more. >> president obama said look, if republicans agree to my tax plan, we can get this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama p
at the earliest, that would be on friday. but, you know, the action really is now going to begin in the senate. there isn't that much of a rush for the house to come back. and when i say action, even that is a question mark. whether there will be action. i was talking to a democratic source who said right now what they had to figure out, victor, is whether or not harry reid working with the white house on this can get enough votes from republicans to cross party lines for even a scaled back measure, which the president laid out in general on friday, would just be to keep americans' taxes where they are for those making $250,000 or less. and to do a couple of other things, unemployment benefits, maybe, maybe extend the estate tax cut, which is -- which is also going to run out, but, again, they're not even -- the senator won't even consider doing this, i'm told, unless he's sure they'll get through the senate and the house because politically they don't think there is any reason for congress to take votes that are just going to fail. also, they that i it will be bad for the markets, even worse
inflation hits. >> you know, i just believe we are in a holding action until we resolve these immediate political problems. i agree with you was. this is a political crisis first and foremost. it is a weak economy. getting weaker. bond yields are going down. i think what peter speaks of is certainly possible in the near future. perhaps, the more distant future. bottom line, i expect more softening and a lack of confidence. >> the fact of the matter is, big government is very expensive. we need much higher taxes on the middle class. not on the rich, on the middle class. if they do not want to get stuck with this bill, we better start slashing -- [talking over each other] liz: we have to leave it there. thank you very much. really appreciate it. heading north for the winter. canada needs workers. out of work americans are happy to oblige. this is really an amazing story. oil is now trading just north of $90 a barrel. just down a fraction of a point. we will be right back. ♪ liz: welcome back. things are calming down from yesterday when a powerful winter storm pounded the nation's midsec
to promote gun control. remember this? >> in the coming days, jovan belcher's actions and the possible connection to football will be analyzed. if belcher didn't possess a gun, he and perkins would both be alive today. >> eric: so after that, bob costas said he wouldn't back track. but now, a couple hours later, costas called the jovan belcher commentary a mistake. he said my mistake and i left it open for too much communication. >> dana: i think bob costas has to say something. getting too much attention for it. i'm sure that nbc didn't like the type of attention he was getting. even if you agree with bob costas, even with the anthem and police honored on the field. but missed communication is another cop out. miscommunication means oops, i could have said it better. remember, we have heard this before in politics. as you remember, i don't have to repeat it. the question i have on this and the new information was the police. they find anymore a bentley and wake up and say hey, don't drive. maybe there is a little bit more of giving a pass. to people who are famous or wealthy with a be
is not retro active, meaning the actions he took since the original decree will stand. among them, the draft constitution he approved. opponents say morsi cut them out of the process. chavez says his cancer has returned and needs immediate surgery. he has been undergoing treatment in cuba. his doctors recently did tected more malignant cells which means more surgery and an uncertain presidency. patrick is joining us, this announcement has a sense of urgency to it, what do you know? >> we having some difficulty? all right, we just lost him. we'll get back with them when we get that signal back. >>> meanwhile, when you hear the term fiscal cliff, you probably think about higher taxes, right? could it also have an impact on what we eat? first, a very good morning to washington dc, a foggy start on this sunday, december 9th.si eenx a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per one. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to st
a signal and people taking actions in anticipation of this raising of the taxes. do you know an economist that doesn't believe we will not go into a recession. >>neil: the markets do not lately seem to be too worried. do you think no deal is better than a bad deal? >>guest: the only thing we can do is to make a deal. i think the american people deserve it. if we don't get it, i really worry about the country. i do worry. i am in discussions with people about this nuclear option. i am in discussions with people about the immigration reform issue. we could have discussions about this. i don't think the democrats want this to go over the cliff. not the majority of them. i pray not. >>neil: one seems to be tempting the other. >>guest: it is a game of chicken. i don't believe it will happen. i don't think anyone wants it to happen. and sequestration is looming as of january 1. in the words of chairman mao it is darkest before it and death -- before it is totally black. >>neil: protests in michigan set to become the 24th right-to-work street and alan simpson, one thing trying to sell austerity,
mobile app. >>> the first class action lawsuit has been filed as a result of instagram's proposed terms of service change that would have allowed the social media company to sell users' photos without permission for advertising and the idea created a big backlash that forced the company to apologize and make about an about face. >> if instagram is not going forward with these plans, why the lawsuit? taking us through this is roy choy, managing editor at technobuffalo. that's the question i've had all along. they backtracked big-time when there was this backlash and yet we still have a class action lawsuit being brought. does it have any merit, do you think? >> i think it has absolutely no merit. i think it's a frivolous lawsuit. look for a bunch of attorneys that are looking to get their name out there in privacy law. >> do you think it's going to be dropped then? >> i definitely do think so. i think the only change that is really substantial at this moment is -- you can't take instagram to a court of law outside of a class action lawsuit. they have instituted a -- an arbitration system
, good to be with you. new this morning, president obama outlining his course of action if we all go off the cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate minority leader mitch mcconnell. >> we had a good meeting down at the white house. engaged in discussions in the hopes we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> and the senate is set to reconvene sunday at 1:00 eastern time. the house also expected to be in session on sunday. they'll start at 2:00 eastern time with the first votes coming at 6:30. let's head up to capitol hill. mike viqueira is there. so what? even if they reach a deal today or tomorrow? do w
a fine point on this. bob dean from the nrcd action fund is willing to go along with helping the chinese develop their natural gas reserves so that they don't become too dependent on coal. i think that's news. >> what we're trying to do is to encourage the chinese to promote all kinds of clean technology. we've had an office in beijing since 1995 and 30, 35 people there, we have good contacts in the government. good contacts in the business community and we're making a difference there, but what it's about, is helping the chinese to improve their efficiency. david, their industrial efficiency is improved by two-thirds since 1980, but they're still 15 to 20% behind where they need to be. they are he going to get there in the next-- >> let's be realistic, you're comparing natural gas and wind mills, it's going to be a long time before wind mills can get to where natural gas is. if we have to deal with a solution right now for the chinese to prevent them from spewing out all of that coal. 70% of their energy needs is coal-produced. if we want to switch to something cle something cleaner. na
to get in on the action. lance robert, the ceo of street talk advisers, find out why he thinks stocks are better with consistent returns and pay healthy diff denldz. makes sense. his top picks coming up next in a fox business exclusive. ♪ ashley: face call cliff, fiscal cliff, fiscal cliff, that's three more times, holding stocks hostage, down fifth day in a row. energy stocks notably weak again today. six down days in a row so check out the energy select spider exchange traded fund. it's xle, and it's basically a proxy for the energy complex, oil producers, service providers, pipeline operators, and xle, as you see, up 1.25%. in terms of the individual names, exxon mobile down 1.5%. chevron down 1.5%. total down 2%. conoco phillips 1%. red arrows across the board. congressional leaders meeting at the white house right now, and there is -- the question is is there any chance there's a deal before we hit the cliff, or do we just hunker down and wait for spring? gosh, i hope not. lance roberts, ceo of street talk, joining me in a fox business exclusive. lance, thank you. look, they ar
and the energy department. here to explain the director of regulation policy for the american action forum. sam, welcome. i want to start with this $106 billion number we were talking about in the break. this is a lot of money. so $106 billion. these are rules that are still being written that were supposed to go into place sometime this year. this as the laws not already on the books, this is what is coming. tell us about that. >> correct. for example, there are 25 economically significant regulation at the white house now, that is regulations with a economic impact of $100 million or more. some are rules under the affordable care act, menu labeling rules, rules for vending machines, labeling requirements. so there is a lot at the white house now. there is lot of rules that are passed their statutory deadline. past the deadline for the administration set for them, that have been waiting around for several months. we don't know why. you can assume might be because of the election because the pace we're on right now is significantly lower than other re-election years. for example, 2008,004, and
action in the cme. telling us why volatility will be a friend of his environment. we have seen in the last few trading sessions getting near and near is a safer place, a hedge and a plea for a flocked to the dollar in hard-core assets like gold and others. what are we seeing in the market today where you are it? >> today the interesting thing is what is going on with option prices were if you look over the last 20 trading days, about a calendar month, the calendar had done nothing. an annualized movement 9.5%. that is crawling way slow. meanwhile we are seeing the vix, the volatility index, creating higher and higher and higher. why? this fiscal cliff, i think we will see a large one-day move coming out of this. up or down. i think that price that the auction players play with setup for one big move and a whole lot of slowness. the asset you are seeing people go for our insurance product. gold is a week dollar play. all of the asset spectators thae are doubling and we will print money. that is why the gold has had such a run-up. shibani: i like this idea and i want to push you
's actions will be analyzed. but here is what i believe if javon belcher didn't possess a gun. he and sandra perkins would be alive today. >> gretchen: i don't know it is interesting. you can't say that. when people want to kill other people . there is a lot of ways to do it i don't know. would the rage come out in a different way? would he have strangled her? i don't know if anybody knows quite frankly and it is dangerous to kind of make personal predictions when you don't have the facts . no one will know whether or not he would have killed her with or without a gun. >> brian: people with guns can get them. >> steve: he had them legally. >> brian: illegally? >> steve: legally. >> brian: i just don't know it is appropriate enough less than 24 hours after the guy took his girlfriend and mother of his baby to make that stance. i don't think we needed to hear that last night. >> steve: i think you are right. 10 after the top of the hour. >> gretchen: a dope smuggler rams his boat in a another boat. the coast guard intercepted two boats believed to be carrying marijuana. one of the drivers ran
are certainly planning to take action if that eventuality were to occur. >> sir why's foreign ministry issued a statement on syrian tv saying they would not use chemical weapons against syrian people. cnn's pentagon correspondent barbara starr live in new york with us. good to see you. >> good to see you. >> how much faith can we put in the syrian government spokesperson and suggestsiing tt the people of syria are safe from chemical weapons. >> there is a new wrinkle here. in the last couple of days u.s. intelligence has got information that the syrian regime is moving its chemical weapons around. that basically, it looks like what they're trying to do maybe combine them with the missls, the rockets, artillery shells. the worry of the u.s. is latest movement signals they are preparing to put their weapons in a position to attack. whether they'll go ahead with it remains to be seen. why would they even be doing it right now? >> i think americans are familiar with hearing about saddam hussein's weapons. >> this is different. >> it is not the same. they're sophisticated. they have surface to sur
's actions and their possible connection to football will be analyzed. who knows, but here, wrote jason whitlock, is what i believe. if javon belcher didn't possess a gun, he and kasandra perkins would both be alive today. >> poignant words. what should this country do in response? joining me to debate what is certainly a matter of life and death to so many people is david copel, research director at the independence institute. on the other side is josh horowitz, executive director of the coalition to stop gun violence. welcome to you both. david, let me ask you, i suppose an obvious question, why did jovan belcher need a high powered hand gun? >> well, he didn't need any hand gun to kill, to murder his wife and leave the poor baby as an orphan. o.j. simpson showed that football players like lots of other domestic abusers, can kill people with their bare hands. >> right, but why does anybody in america need either a hand gun or high powered assault weapon? i don't understand. explain to me. >> i don't think the police have released what kind of hand gun he owned. do you know what kind h
of the things we thought you should know. the white house considering legal action against two states that legalized pot. yeah. join our conversation. we're all over twitter and on the facebookle as well. on twitter we're @newsnation. we'll see you back here in a few moments. ♪ my room is still messed up and i know why ♪ ♪ the weather outside is frightful ♪ ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow [ male announcer ] introducing a brand new medicare prescription drug plan. it's called the aarp medicarerx saver plus plan from unitedhealthcare. and it's for people who want the lowest part d premium in the united states... only $15 a month. and copays could be as low as a dollar. so call unitedhealthcare now to enroll or learn more. with this plan, you can save 40% or more on your copays by using a preferred network pharmacy, in a retail location like these. for example, a network copay of $4 becomes a copay of $1 when you fill your prescription at any preferred
, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colonies. in europe the dax down about there about 35 points, around half a percent. and overnight in japan, the nikkei, the yen falling to a 20-month low. you have the nikkei up 1.5%. the nikkei -- yen versus the dollar as shinzo abe returns to office as japan's new prime minister, promising monetary and fiscal reforms. we have the shanghai composite there up about a quarter percent. >>> all right. in today's top stories, the u.s. is five days away from going over the fiscal cliff. president obama is cutting his holiday vacation short, returning to washington tomorrow to continue talks to try to avoid that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up w
her gun and began hiring. the officer who raced to her being hailed as heros. >> there are actions of protecting the community quickly escalated from responding to a call for service to performances of heroic actions by members of this police department. >> officers ruth burns and kevin stein both out of the hospital. officer james garber is also expected to be okay. the gunman was shot dead. preparations underway right now in new york city, just down the street for the 2013 ball drop today organizers will test out the confetti. throughout the year visitors to times square right new year's wishes on pieces of paper. i have not known that. they turn that into confetti. expected to watch the event for the first time in four decades it will not be hosted by dick clarming who passed away this year. a series of contributes are planned those are the headlines. have you ever in times square for the ball drop. >> never have and never will. >> juliet: if you are covering it and have access and raised up on platforms. i can't imagine. the people there you can't even leave. >> clean and comfo
, rise above d.c." we've heard a lot after a morning of interviews and action on capitol hill. here is what we know now. just a short while ago house speaker boehner said he's still waiting on a solid plan from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting spending. the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. >> meanwhile despite all of the back and forth, the market is seemingly optimistic today. at least some form of a deal will be released. we've been up 100 points on the dow industrials for the past hour. senator mark warner of virginia perhaps putting it best saying compared to the size of our economy the current proposals are relatively small and government should step up and get a deal done. >> we're joined by representative lee terry, republican from nebraska represents the district home to a guy we all know, warren b
into embracing confrontation rather than avoiding it. in the coming days, jovan belcher's actions and possible connection to football will be analyzed. who knows but here is what i believe. if jovan belcher did not possess a gun he and kasandra perkins would both be alive today. >> some critics saying costas picked the wrong time and place and others blast him for trying to take away their second amendment rights. now the blogs are light iing up with calls for him to be fired. quote, nbc should show bob costas the door. then there's this facebook page. fire bob costas for his unamerican comments on gun control. hln sports reporter joe carter is here to talk about all of this. what did he say in his own defense? >> i found several fire bob costas facebook pages with lots of likes. he went on the shows yesterday morning and defended himself and said that he did admit he made a mistake, that he used wrong forum to take on such a heavy-handed topic, that he should have listened to his own rule which is when you take on a topic as politically charged as gun control, leave yourself enough time to fu
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